Friday, 24 March, 2023

Vista Equity Partners buys 2.32% stake in Jio platforms for Rs 11,367 cr

<p>Private equity firm Vista Equity Partners becomes the third major investor in Jio Platforms after Facebook and Silver Lake by investing Rs11,367 cr for a 2.32% stake. The investment values Jio Platforms at an equity value of Rs 4.91 lakh cr and an enterprise value of Rs 5.16 lakh cr Jio Platforms, with this third deal, now has a net combined worth of Rs 60,596 cr of RIL&#39;s telecom business --Jio Infocomm, largest in India with over 388 mn subscribers.</p>